CORPORATIONS
CHAPTER 14
UNIFORM SECURITIES ACT (2004)
PART 5.
FRAUD AND LIABILITIES
30-14-503. Evidentiary burden. (a) Civil. In a civil action or administrative proceeding under this chapter, a person claiming an exemption, exception, preemption or exclusion has the burden to prove the applicability of the claim.
(b) Criminal. In a criminal proceeding under this chapter, a person claiming an exemption, exception, preemption or exclusion has the burden of going forward with evidence of the claim.
History:
[30-14-503, added 2004, ch. 45, sec. 2, p. 209.]